The San Carlos Real Estate Week in Review: 4/24/2017.
April 24, 2017
The tsunami of new listings that San Carlos home buyers were hoping for may have finally happened last week. Compared to a normal week in San Carlos, the floodgates literally opened up and and we witnessed the biggest single-week surge of new listings for all of 2017 with 11 homes hitting the market during that span. This provided a bumper crop of open houses to see over the weekend, as the inventory pushed up to 18 homes for sale in the city. That's still well below average by historical standards, but it's 70%-80% higher than what we've seen on a consistent basis so far in 2017.
I expect that the surge of listings is going to continue for the next few weeks — maybe not quite at the clip of last week, but definitely at a higher pace than normal. There are still quite a few more homes that are being prepped to hit the market before we hit the end of May, so keep close tabs on your homes-for-sale list in San Carlos in the coming weeks.
Here is a look at last week's numbers:
The Numbers.
Below is a high-level view of the market performance for single-family residences (SFR) in San Carlos. This data is for the 7-day period ending Sunday 4/23/2017:
| San Carlos SFR Data | 4/23/17 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 3 | 4 |
| Average Sold Price: | $1,749,000 | $1,522,500 |
| Average % of List Price: | 118% | 110% |
| Average DOM of Closed Sales | 7 | 4 |
| Average $/Sq Foot (Sold) | $1,045 | $1,067 |
| No. of New Listings: | 11 | 5 |
| Total # of Active Listings: | 18 | 10 |
| Average Price of Active Listings: | $1,765,933 | $1,900,395 |
| Average DOM of Active Listings: | 8 | 14 |
| Average $/Sq Foot (List) | $943 | $989 |
| Total # of Homes Pending Sale: | 25 | 23 |
| Active-Pending Ratio: | 0.72 : 1 | 0.43 : 1 |
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.
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San Carlos Single-Family Residences Sold:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
| Address | Sold Price | Orig. List | Difference | DOM (days) |
|---|---|---|---|---|
| 104 Arundel Road | $1,977,000 | $1,498,000 | +$479,000 (+32.0%) | 10 |
| 1436 Cordilleras Avenue | $1,700,000 | $1,549,000 | +$151,000 (+9.7%) | 12 |
| 131 Dolton Avenue | $1,570,000 | $1,400,000 | +$170,000 (+12.1%) | 0 |
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San Carlos Single-Family Homes Pending Sale:
The following single-family homes went into contract in San Carlos this past week. Click on the address of each home to see more details and photos:
| Address | DOM (days) | List Price |
|---|---|---|
| 222 Oakley Avenue | 46 | $4,350,000 |
| 2720 Debbie Court | 4 | $1,788,000 |
| 8 Gaylord Court | 10 | $1,288,000 |
| 1084 Hewitt Drive | 15 | $1,388,000 |
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New Single-Family Home Listings in San Carlos:
Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos.
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 677 Knoll Drive | $3,495,000 | 4BR/2.5BA | 3,200/13,440 | Sam Anagnostou, Coldwell Banker |
| 224 Ruby Avenue | $1,998,000 | 3BR/4BA | 2,290/5,500 | John Shroyer, Today Sothebys |
| 3189 La Mesa Drive | $1,995,000 | 3BR/2BA | 2,040/7,800 | Courtney Charney, Alain Pinel Realtors |
| 66/68 Elm Street | $1,988,000 | 4BR/2BA | 2,955/11,340 | Marylene Notarianni, Today Sothebys |
| 965 Chestnut Street | $1,894,888 | 4BR/2BA | 2,010/5,885 | David Blewett, Intero |
| 201 Exeter Avenue | $1,725,000 | 4BR/2.5BA | 2,260/10,452 | Pamela Shaffer, Kleebauer Properties |
| 2032 Arroyo Avenue | $1,549,950 | 3BR/2BA | 1,770/5,000 | Maxine & Michelle Dumas |
| 2164 Brittan Avenue | $1,349,000 | 4BR/2.5BA | 1,815/5,000 | Joseph Rodden, Berkshire Hathaway |
| 45 Maple Way | $1,335,000 | 3BR/2BA | 1,250/5,000 | Jim Tierney, NetEquity |
| 244 Windsor Drive | $1,328,000 | 2BR/2BA | 1,590/5,500 | Sue Lehr Mitchell, Today Sothebys |
| 224 Oakview Drive | $1,328,000 | 2BR/2BA | 1,590/5,500 | Bob Bredel, Dwell Realtors |
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